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Thanks for the hope, Mike Johnson

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This is the introduction to Checks and Balance, a weekly, subscriber-only newsletter bringing exclusive insight from our correspondents in America.

“We can’t play politics on this. We have to do the right thing.” So said Mike Johnson, the speaker of the House of Representatives, in declaring on Wednesday that he would press ahead with a bill to send more military aid to Ukraine despite warnings from fellow Republicans that they might try to eject him from his post. He shrugged the threats aside. “History judges us for what we do,” he said.

What an encouraging sentiment, particularly coming at the same time that a former and maybe future president went on trial over charges that he paid hush money to a porn star and Gallup reported that Americans, having had among the highest confidence in their key institutions of the citizens of G7 nations 20 years ago, now had the lowest. 

Maybe Mr Johnson, who hesitated a dangerously long time before stepping up to Ukraine’s defence, will lose his nerve, or maybe that notable defendant (and social-media mogul), Donald Trump, will undercut him. But if the speaker holds firm, his act of leadership should be inspiring not only because he is facing down bullies such as Representative Marjorie Taylor Greene of Georgia. It is also an encouraging demonstration of moral seriousness because he has changed his mind, and not for reasons of domestic politics.  

Before becoming speaker Mr Johnson, a conservative from Louisiana with a parson’s manner, was a sceptic of aid to Ukraine: he opposed bills in 2022 and 2023 to provide it. But he told reporters that he was alarmed by the intelligence briefings he had received. “I believe Vladimir Putin would continue to march through Europe if he were allowed,” he said. Better to send aid than troops to Europe, he argued. He has a son about to start at the Naval Academy, Mr Johnson noted, so for his family “this is a live-fire exercise.”

Here’s a third hopeful inference from Mr Johnson’s stand: the resurgent isolationist impulse has not yet taken full command of the Republican Party. Mr Johnson said that support for a country like Ukraine was important not just for Americans but for free people around the world. 

And a fourth: bipartisanship in the cause of common sense is not dead. Once Mr Johnson assumed the speakership he seemed anxious to curry favour with Mr Trump’s base, refusing to bring a bipartisan Senate border-security bill up for a vote after Mr Trump suggested he would prefer to have the problem to campaign on. But he has turned to Democrats to pass spending bills, and he will need their help again now. He takes the heretical view that, to make progress, Republicans must compromise since they control only one branch of government, and barely that. President Joe Biden said he “strongly” supports Mr Johnson’s approach.

Mr Johnson has taken a bill passed by the Senate with a bipartisan majority and broken it into pieces, to finance aid to Ukraine, Israel and Taiwan. A fourth bill would include other Republican priorities. He wants to pass all these bills by Saturday evening. Whether or not he succeeds, he could well face a vote by his caucus to remove him as speaker. Ms Greene has already taken the first step towards that. But Mr Johnson said that if he operated out of fear of such threats, he would not be able to do his job properly—words that I wish leaders atop America’s other beleaguered institutions would take to heart.

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Economics

What would Robert F. Kennedy junior mean for American health?

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AS IN MOST marriages of convenience, Donald Trump and Robert F. Kennedy junior make unusual bedfellows. One enjoys junk food, hates exercise and loves oil. The other talks of clean food, getting America moving again and wants to eliminate oils of all sorts (from seed oil to Mr Trump’s beloved “liquid gold”). One has called the covid-19 vaccine a “miracle”, the other is a long-term vaccine sceptic. Yet on November 14th Mr Trump announced that Mr Kennedy was his pick for secretary of health and human services (HHS).

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Economics

What would Robert Kennedy junior mean for American health?

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on

AS IN MOST marriages of convenience, Donald Trump and Robert F. Kennedy junior make unusual bedfellows. One enjoys junk food, hates exercise and loves oil. The other talks of clean food, getting America moving again and wants to eliminate oils of all sorts (from seed oil to Mr Trump’s beloved “liquid gold”). One has called the covid-19 vaccine a “miracle”, the other is a long-term vaccine sceptic. Yet on November 14th Mr Trump announced that Mr Kennedy was his pick for secretary of health and human services (HHS).

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Economics

UK economy ekes out 0.1% growth, below expectations

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Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. (photo by Mike Kemp/In Pictures via Getty Images)

Mike Kemp | In Pictures | Getty Images

The U.K. economy expanded by 0.1% in the third quarter of the year, the Office for National Statistics said Friday.

That was below the expectations of economists polled by Reuters who forecast 0.2% gross domestic product growth on the previous three months of the year.

It comes after inflation in the U.K. fell sharply to 1.7% in September, dipping below the Bank of England’s 2% target for the first time since April 2021. The fall in inflation helped pave the way for the central bank to cut rates by 25 basis points on Nov. 7, bringing its key rate to 4.75%.

The Bank of England said last week it expects the Labour Government’s tax-raising budget to boost GDP by 0.75 percentage points in a year’s time. Policymakers also noted that the government’s fiscal plan had led to an increase in their inflation forecasts.

The outcome of the recent U.S. election has fostered much uncertainty about the global economic impact of another term from President-elect Donald Trump. While Trump’s proposed tariffs are expected to be widely inflationary and hit the European economy hard, some analysts have said such measures could provide opportunities for the British economy.

Bank of England Governor Andrew Bailey gave little away last week on the bank’s views of Trump’s tariff agenda, but he did reference risks around global fragmentation.

“Let’s wait and see where things get to. I’m not going to prejudge what might happen, what might not happen,” he told reporters during a press briefing.

This is a breaking news story. Please refresh for updates.

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